GERMANY (INCOME TAX).

HC Deb 20 July 1932 vol 156 cc2270-1

45. Mr. WISE

asked the Chancellor of the Exchequer if Germany has reduced the Income Tax in the last four months?

Sir R. HORNE

No, Sir; but I understand that fresh legislation has just been introduced and is now before the Reichstag to adjust the scale on which the tax is graduated to the depreciation of the mark.

Mr. WISE

Is that a reduction of Income Tax?

Sir R. HORNE

In some cases, I suppose, it may be. In others it will be a large increase in the Income Tax.